01 January 2019

powered byLand-FX

US ADP Non-Farm Payrolls: Thursday, 13:15. ADP is the largest provider payrolls publishes its jobs report for the private sector. According to the firm, the US gained 179K positions in November. The last month of the year is expected to see a very similar increase: 180K.

US ISM Manufacturing PMI: Thursday, 15:00. Coming shortly after the ADP report, this publication provides another hint for the NFP. The forward-looking gauge for the manufacturing sector had a robust score of 59.3 points in November. A small slide to 58.2 is on the cards for December.

USD

US ADP Non-Farm Payrolls

US ISM Manufacturing PMI

EURUSD

The pair has reached the downtrend line shown on the chart in blue. We do not find any bearish evidence that can push the price downward. So, we will be waiting for some bearish evidence to show up below the downtrend line so we can go short.

Resistance levels:

Support levels:

Recommended:

▪ 1.21▪ 1.1850▪ 1.18

▪ -▪ 1.1217▪ 1.10

Waiting for some bearish evidence to show up below the downtrend line.

GBPUSD

The daily timeframe shows that the pair is traded below a downtrend line shown on the chart in red. We will be waiting for some bearish evidence to show up below the downtrend line so we can go short.

Resistance levels:

Support levels:

Recommended:

▪ 1.36▪ 1.3350▪ 1.29

▪ 1.2550▪ 1.2370▪ 1.23

Waiting for some bearish evidence to show up below the downtrend line.

GOLD

The pair is traded below a strong resistance level that is 1285 so we will be waiting for some bearish evidence to show up below this level, then we can go short targeting the level of 1250 during the week.

Resistance levels:

Support levels:

Recommended:

▪ 1330▪ 1280

▪ -▪ 1180▪ 1170

Waiting for some bearish evidence to show up below the resistance level of 1285.

AUDUSD

As could be seen on the daily chart that the pair is traded above a strong support level that is 0.70 so we will be waiting for some bullish evidence to show up above this level, then we can go long targeting the level of 0.71 followed by 0.73 during the week.

Resistance levels:

Support levels:

Recommended:

▪ 0.7550▪ 0.7600▪ 0.7260

▪ 0.7000▪ -▪ -

Waiting for some bullish evidence to show up above the level of 0.70

GBPJPY

The pair is traded above a strong support level that is 140 so we will be waiting for some bullish evidence to show up above this level to confirm that the pair will reverse.

Resistance levels:

Support levels:

Recommended:

▪ 156▪ 155▪ 149

▪140.50▪ 140▪ 139

Waiting for some bullish evidence to show up above the support level of 140.

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